Enjoy an ‘easi-buy’ with Redrow

Redrow Homes has found a way to make its ‘easi-buy' deferred payment scheme stand out from the crowd - home owners can save themselves thousands of pounds if they pay off the outstanding balance early. Customers of the award winning housebuilder who use easi-buy will own 100% of their new home from day one, but can defer 15% of the purchase price for 10 years.

And for those who find themselves able to repay the outstanding balance within the first three years there are substantial cash savings to be made on a sliding scale.

At Meadow Brook in Hilton, near Derby, for example, easi-buy is available on a two-bedroom Avon apartment. Its full purchase price is £109,950 but currently it can be bought for an initial outlay of just 85%, for just £93,457. A customer who is able to redeem the 15% deferred payment in the first year will save over £6,500.

Pauline Turnbull, sales director for Redrow Homes (Midlands), comments: "Easi-buy is a great option for first time buyers looking to get onto the property ladder and maybe even those who are trading up but want to gradually step up their commitments. They will own 100% of the property straight away but will be able to defer 15% of the total cost to a time when they have more funds available.

"For those whose financial circumstances change for the better more quickly than expected - perhaps because of a job promotion, windfall, inheritance or becoming one half of a couple - the option of repaying the deferred element early and pocketing a substantial saving is a real bonus. This really sets Redrow's easi-buy incentive apart from other deferred payment schemes."

Redrow ‘easi-buy' is the latest in a number of incentives offered under the umbrella of ‘re:assure', all of them designed to make moving as easy as possible from the moment of first enquiry right through until after the customer has moved in.

Pauline adds: "We take a flexible approach to helping our customers and work with them and a network of financial advisers, estate agents and other property professionals in a bid to find the most appropriate solution to their housing needs. We don't believe in a ‘one size fits all' approach. Easi-buy is one option but we have others, including mortgage subsidies, part exchange and helping with a deposit, stamp duty, legal fees and / or other moving costs."

Meadow Brook is a development of two, three and four-bedroom homes with all the amenities of village life and on the edge of open countryside, yet close to Derby and easily accessible to the A38, A50 and M1 for commuters. Two-bedroom Avon apartments from £99,950 include an en-suite and fitted wardrobes to master bedroom and parking space.

There are also three and four-bedroom houses up to £169,950, with various incentives available under ‘re:assure'.

For more details log on to Redrow.co.uk.

* Redrow's easi-buy incentive is available on selected plots only and is subject to terms and conditions. The 15% deferred element is paid back at market value at the time of payment, which could go down as well as up.